Japan edges towards zero bound


The Bank of Japan (BoJ) cut its interest rate to as low as 0% on Tuesday and announced a further ¥5 trillion ($60 billion) of bond purchases.

The BoJ lowered its benchmark uncollateralised overnight call rate to a range of 0 to 0.1% from 0.1%. The central bank also said it was setting up of an asset purchase program worth ¥5trillion to buy a variety of financial assets over the next year. The central bank also signaled its intent to keep the policy rate at around zero until it thought medium- to

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: